Fox News has suspended Newt Gingrich and Rick Santorum because of their interest in running for President.

Both are paid contributors to Fox News. Fox News anchor Bret Baier announced today on "Happening Now" that the two will be suspended for 60 days.

"Then on May 1, their contracts will be terminated unless they notify Fox that they are not running for president," he said.

According to Media Decoder, "Three other possible Republican candidates for president — Sarah Palin, Mike Huckabee and John Bolton — are also employed by Fox, an arrangement that other television executives say is unprecedented."

Dianne Brandi, the network's executive vice president of legal and business affairs tells Matea Gold at LAT:

"As soon as each of them shows some serious intention to form an exploratory committee, we would take the same action," Brandi said. "Huckabee is on a book tour, so I think his present intention is to sell books." As for Palin, "She hasn't yet shown a serious intention to form an exploratory committee."